The Financial institution of Canada has held its key rate of interest at 5 per cent for the sixth consecutive time since July.
Most economists anticipating a primary fee minimize in June
The Financial institution of Canada has held its key rate of interest at 5 per cent for the sixth consecutive time since July.
The central financial institution stated that, whereas inflation continues to be too excessive, its most popular core inflation measure has eased up in current months. It is going to be on the lookout for proof that this momentum is sustained earlier than shifting on fee cuts.
Most economists anticipate the primary fee minimize to occur throughout the financial institution’s subsequent assembly on June 5.
Governor Tiff Macklem and deputy governor Carolyn Rogers will maintain a information convention at 10:30 a.m. ET explaining the most recent announcement.
Extra to return
ABOUT THE AUTHOR
